Avant Credit Card Everyday + Cashback & €30 Govt tax paid

P

Persia

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"Earn 5% cashback on groceries (up to €25 per month) at eligible retailers for the first 12 months*, and 1% cashback after that. That’s up to €300 cashback in your first year – ideal for treating yourself to something you’ll enjoy.

We’ll also cover the €30 annual government stamp duty**, saving you even more."

I'm with Avant and applied yesterday and approved today. No benefits with old Avant card. Seems a no brainer not to change.

 
Presumably main players, Aldi Dunnes Lidk Tesco M&S etc.

They don't list them on the link,.

They're supposed to send on a welcome pack, if it contains this information Ill post it here.
 
The main points I picked up on:

*Cashback applies at selected grocery retailers. Max. cashback €25 per month. 5% cashback valid for first 12 months; 1% thereafter. 0.1% cashback available all the time on other retail spend.
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However I have not been able to see the selected grocery retailers or am I missing something obvious?
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Selected stores outlined here in non consumer terms - https://www.avantmoney.ie/credit-cards/everydayplus#faqs

I get MC codes are used across trading countries and in theory apply to all Grocery Stores and Supermarkets....but I presume deviations exist.

Whereas AIB's Visa Click rates are:

Representative Annual Percentage Rate (APR) 13.8% (variable)​

Based on an assumed credit limit of €1500 and annual purchase interest rate of 9.11% (variable).
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Taken from here.

Being frank, (not my real name ) am I wrong to just look at the interest rates on offer for CC's? I remember not being enthralled by the Aer Lingus CC either even though I try and fly with them for business whenever I can.

For someone who pays off their CC every month, should I be looking at the benefits over the interest rates? Or are the benefits attached to CC's aimed at luring in customers who at least occasionally do not settle the balance?

(Clubman here is your cue to link a previous discussion on same )
 
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Wandering_Dazed said:
Or are the benefits attached to CC's aimed at luring in customers who at least occasionally do not settle the balance?
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That's how I'm looking at this. I don't have big spending so the cash back available to me, especially from year 2, would likely be wiped out by not settling a balance.

charlie007 said:
You can of course set up a direct debit from any current account to do this.
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But how do you know in advance how much of a balance needs to be cleared by the DD? Realistically wouldn't you have to check your CC balance and then go in to your online banking and manually do a transfer?

I'm sure this could work for bigger spenders and big families but seems like too much effort to me. A few high interest rate penalties and they're making money out of me.
 
I’m an Avant credit card customer. I called them today and asked them to switch me to the Everyday+ card. They said not possible and that I would have to apply separately but could keep existing card.
 
CharlieMac said:
But how do you know in advance how much of a balance needs to be cleared by the DD?
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The same way you ensure there are funds in your current account for mortgage, utilities etc.
You should get a credit card statement at least 3 weeks before payment is due.
Even with this if anyone finds themselves often paying CC interest, then I'd suggest tearing up the card.
 
MelF said:
What’s the initial credit limit?
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Depends on your income, once I completed the income section and application it said my limit would be 12k (currently have this with Avant anyway)

Used to be 15k but they reduced it a few years ago. Never come remotely close to it & clear it ever month. Free overdraft.
 
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PoundMan said:
Is it worth switching to this credit card from the AIB Platinum credit card?
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Depends,

Ignoring the the first year teaser offer from Avant.

AIB offer 0.5% on all spending (or at least a broader category of spending) compared to 1% on groceries from Avant (and 0.1% on other retail spending).

Max return on AIB card is €225 a year. Max return on new Avant option is €300 (€25 per month). So on the face of it there is a higher potential reward.

However, as the Avant cashback is mainly limited to groceries you'd want to be spending a lot in the likes of Aldi to warrant the switch.

Also Avants rewards are calculated monthly whereas AIBs (appear to be) annual. So to maximise the Avant rewards you'd want to be a consistent spender rather than an irregular binge shopper.

It's hard to give a definitive guide but as a rough summary I'd say:

If you spend less than €5k per year on your credit card - Avant.

If you spend more than €5k per year and at least half of that is groceries - spread evenly across the year - then Avant.

If you regularly spend over €1,875 on groceries a month -Avant.

If you don't fall into any of those categories it's a little less clear cut.
 
I have an older avant card which gives me around €2 a month cash back. It seems I'd be better off changing to this one just for the stamp duty payment.
 
As @skrooge correctly says you'd want to be spending a lot in the likes of Aldi to warrant the switch.

Nothing in this offer that would make me switch from Trading212. I am getting 1.5% cashback (€15 max per month) via investments with Trading212 with very little restrictions on what transactions the cashback applies too, and no annual miniums nor maximums like AIB.
 
If you're into it there's nothing stopping you carrying this for your weekly shop, T212 up to your 1k/month limit, AIB for everything else, and maybe even the AerClub card till you reach the free flights minimum spend.
 
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